Market Volatility: Strategist Anand James Offers Cautious Stock Strategy for Investors
Should you buy the dip? Strategist Anand James shares his weekly stock strategy
The Economic Times
Image: The Economic Times
Anand James from Geojit Investments advises investors to exercise caution amid recent market volatility. He highlights the Nifty index's need to break above 24,140 for a potential upswing, while recommending selective trading strategies, particularly in the oversold IT sector and defensive pharma stocks.
- 01Nifty index must break 24,140 to confirm a potential upswing.
- 02IT stocks have seen a 10% weekly loss, indicating weakness.
- 03HCL Technologies shows oversold conditions but remains in a negative trend.
- 04EPL and ONESOURCE are recommended as potential buys with specific targets.
- 05Pharma stocks like Piramal Pharma and DRL may be overbought, suggesting caution.
Advertisement
In-Article Ad
Anand James, a strategist at Geojit Investments, advises investors to remain cautious following recent market volatility. The Nifty index needs to break above 24,140 to confirm a renewed upswing. The IT sector has underperformed significantly, with a 10% loss this week, leading to a bearish outlook. HCL Technologies, in particular, reflects acute sectoral weakness, although it may experience a short-term technical bounce due to oversold conditions. James recommends a selective trading approach, highlighting EPL (current market price: ₹226) and ONESOURCE (current market price: ₹1,824) as potential buy opportunities, targeting ₹338 and ₹2,030 respectively. Both stocks show signs of stabilization and bullish momentum, provided they maintain above their respective support levels. Meanwhile, pharma stocks like Piramal Pharma and Dr. Reddy's Laboratories are viewed as defensive plays, but their current overbought status suggests waiting for pullbacks before re-entering.
Advertisement
In-Article Ad
Investors should be cautious with their stock purchases as the market shows signs of volatility. A break above key resistance levels could signal a recovery, while continued weakness in IT stocks may affect overall market sentiment.
Advertisement
In-Article Ad
Reader Poll
Are you considering buying stocks during this market dip?
Connecting to poll...
More about Geojit Investments
Indian Stock Market Faces Significant Decline Amid IT Sector Weakness and Rising Crude Oil Prices
Business Standard • Apr 24, 2026
Foreign Institutional Investors Increase Stakes in 10 Indian Stocks Amid Market Volatility
The Economic Times • Apr 23, 2026
Indian Stock Market Set to Open Higher Amid Global Optimism Over US-Iran Peace Talks
Mint • Apr 21, 2026
Read the original article
Visit the source for the complete story.